The funds for the ultra-long-term special national debts for 2026 have been allocated, with four projects from the Taixing Economic Development Zone in Taixing, Jiangsu province, receiving the support.
The funds are used to support large-scale equipment updates and trade in of consumer goods. Eight projects in Taixing have been approved, totaling 84.71 million yuan ($12.48 million).
The plant of Runtai Chemical. [Photo/WeChat account: txfabu]
The four projects in the Taixing zone come from Taixing Chemical Limited Company of Hongbaoli Group, Runtai Chemical, Taixing HSC Fine Chemical, and Bunge (Taixing) Grains & Oils.
The allocation of funds will substantially reduce the costs associated with upgrading, enterprise equipment, accelerate the adoption of intelligent and green technologies, and boost the confidence of enterprises in technological innovation, production line upgrading and transformative advancements.
Taixing HSC Fine Chemical. [Photo/WeChat account: txfabu]